![image.png](https://res.cloudinary.com/hpiynhbhq/image/upload/v1514213486/scclaibgyadjpjcmsomw.png)

Starting in the footsteps of Russia and Dubai, Israel announced it was interested in the Crypto market and was intrigued by the idea of ​​developing its virtual currency. The digital "shekel" 1 will match the value of the real one.
According to sources close to the Treasury, Israel's black market accounts for roughly 22 percent of the gross domestic product. A digital currency directly linked to the country's government will be able to make black market transactions less feasible, say familiar.
In addition, it is rumored that the government is considering new legislation to reduce physical money in circulation. One of the proposals is a ban on paying cash.
The process of creating the digital beacon is still underway. The government has proposed a bill that, if adopted, will create a special organization to work closely with the Bank of Israel to create the currency.
Mark Smargon, vice president of Blocher's based portfolio Colu, said the idea of ​​a digital currency was enjoying a great deal of interest, and the pressure to deploy technology has grown steadily. That is why the Deputy Prime Minister of the country confirmed. She also mentioned that the company is involved in talks with the government in pursuit of the goal. He is pleased with this step and enjoys cooperation because he thinks crypto-lights are the future of money.

Shekel - National Payment Facility in Israel.

<hr>

image source - Instagram